Automotive Start-Stop System Market Size

  • Report ID: 4621
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Automotive Start-Stop System Market Size

Automotive Start-Stop System Market size was valued at USD 37.4 Billion in 2023 and is set to cross USD 127.07 Billion by the end of 2036, registering more than 12.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of automotive start-stop system is estimated at USD 40 Billion. The growth of the market can primarily be attributed to the rising serious environmental impact of engine idling along with growing concern about the rising incidences of air pollution worldwide. The market is also being driven by the increased awareness of the harmful impacts of air pollution on both human health and the environment. Consumers are increasingly seeking vehicles that are more fuel-efficient and release fewer emissions as they become more aware of the environmental effects of their driving habits. The demand for automobiles with start-stop systems is increasing as a result. For instance, it was found that air pollution is responsible for more than 4 million deaths each year around the globe.

The automotive start-stop system shuts down and restarts the internal combustion engine automatically to reduce the amount of time the engine spends idling, thereby reducing fuel consumption and emissions. It is useful for vehicles that spend significant amounts of time waiting at traffic lights or frequently come to a stop in traffic jams. With the rising number of vehicles as well as surging production, the demand for automotive start-stop systems is on the rise amongst automobile manufacturers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive start-stop system market during the forecast period. For instance, global motor vehicle production grew by 3% in 2021.

Automotive Start-Stop System Market overview.PNG
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Author Credits:  Saima Khursheed

  • Report ID: 4621
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing impact of air pollution on people & environment as well as the increasing percentage of vehicles along with the rising transport sector’s CO2 emissions are some of the major factors anticipated to drive the growth of the market.

The market is anticipated to attain a CAGR of 14% over the forecast period, i.e., 2023-2035.

Inefficiencies of the start-stop technology along with the requirement of huge capital for research & development are some of the factors estimated to hamper the market growth.

The market in Europe is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Hitachi Ltd., SEG Automotive Germany GmbH, Robert Bosch GmbH, Yamaha Motor Co. Ltd., Volvo Cars Corporation, Continental AG, Denso Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by component, vehicle type, fuel type, distribution channel, and by region.

The heavy commercial vehicles segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities
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